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Homework answers / question archive / The balance sheet for Kare Corp
The balance sheet for Kare Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet Cash $44,900 Equity $474,900 430,000 Fixed assets 474,900 474,900 Total $ Total $ The company has declared a dividend of $1.80 per share. The stock goes ex dividend tomorrow. a. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Ignoring any tax effects, what will the stock sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price Stock price b. c. Ignoring any tax effects, what will the balance sheet look like after the dividends are paid?
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